Housing

An architect of the law Biden is using to cancel student debt tells the Supreme Court that the relief falls 'exactly' under the Education Secretary's authority and should be revived

4 days ago   |   By Business Insider

President Joe Biden, left, answers questions with Education Secretary Miguel Cardona as they leave an event about the administration's student-loan forgiveness plan at the White House on October 17, 2022. AP Photo/Susan Walsh
Former Rep. George Miller, who constructed the law Biden is using to cancel student debt, filed a brief with the Supreme Court supporting the plan.
Miller stood with Biden's request to the court to revive the relief after lower federal courts blocked it.
Along with Miller, advocates, legal experts, and economists filed a series of briefs supporting the relief.
One of...
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What Biden's extended student loan pause means for borrowers

4 days ago   |   By Fast Company

Here's what you need to know after Biden extended the student loan pause.
The Biden administration has extended its long-running pause on student loan repayments, arguing lawsuits filed by conservative groups and Republican elected officials to block the loan cancellation program will punish borrowers if the courts don't resolve the issue fast enough.
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Biden's step toward allowing student loan discharge in bankruptcy is 'a step in the right direction,' director of new student loan documentary says, but 'the devil is always in the details'

4 days ago   |   By Business Insider

President Joe Biden speaks with members of the press before boarding Marine One on the South Lawn of the White House on August 26, 2022. AP Photo/Evan Vucci
The Education and Justice Departments on Thursday issued new guidance on bankruptcy for student-loan borrowers.
Though "it's a step in the right direction," director of "Loan Wolves" Blake Zeff told Insider, it may not be a real fix.
"Loan Wolves," a documentary about the law surrounding bankruptcy and student loans, premiers Dec. 11 on MSNBC.
Student debt has been making headlines due to the Biden administration's one-time...
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